Alps Advisors Inc. Acquires 223,487 Shares of Antero Midstream Corporation (NYSE:AM)

Alps Advisors Inc. boosted its position in Antero Midstream Corporation (NYSE:AM - Free Report) by 22.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,228,566 shares of the pipeline company's stock after acquiring an additional 223,487 shares during the period. Alps Advisors Inc. owned 0.26% of Antero Midstream worth $22,114,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new stake in Antero Midstream in the 4th quarter worth approximately $62,578,000. Boston Trust Walden Corp bought a new position in shares of Antero Midstream during the first quarter valued at approximately $51,269,000. SIR Capital Management L.P. purchased a new stake in Antero Midstream in the fourth quarter worth $35,058,000. Balyasny Asset Management L.P. boosted its holdings in Antero Midstream by 7,769.7% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,028,014 shares of the pipeline company's stock valued at $15,513,000 after acquiring an additional 1,014,951 shares in the last quarter. Finally, Northern Trust Corp increased its position in Antero Midstream by 22.5% during the 4th quarter. Northern Trust Corp now owns 4,105,379 shares of the pipeline company's stock valued at $61,950,000 after purchasing an additional 753,939 shares during the period. Hedge funds and other institutional investors own 53.97% of the company's stock.

Antero Midstream Stock Up 0.0%

AM traded up $0.00 during trading on Friday, reaching $17.44. The stock had a trading volume of 1,543,371 shares, compared to its average volume of 2,985,511. Antero Midstream Corporation has a one year low of $13.12 and a one year high of $19.09. The company has a market capitalization of $8.36 billion, a price-to-earnings ratio of 20.05 and a beta of 1.01. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 1.49. The stock's 50 day moving average is $18.36 and its two-hundred day moving average is $17.19.

Antero Midstream (NYSE:AM - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.23 by $0.02. Antero Midstream had a net margin of 37.35% and a return on equity of 19.75%. The company had revenue of $291.13 million during the quarter, compared to analysts' expectations of $277.79 million. During the same period last year, the company posted $0.21 EPS. Antero Midstream's revenue was up 4.3% on a year-over-year basis. As a group, analysts expect that Antero Midstream Corporation will post 0.95 earnings per share for the current year.

Antero Midstream Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 6th. Shareholders of record on Wednesday, July 23rd will be issued a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 5.16%. The ex-dividend date of this dividend is Wednesday, July 23rd. Antero Midstream's dividend payout ratio (DPR) is 103.45%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on AM shares. Wall Street Zen raised shares of Antero Midstream from a "hold" rating to a "buy" rating in a research report on Thursday, April 3rd. Morgan Stanley reaffirmed an "underweight" rating and set a $17.00 price objective (up from $16.00) on shares of Antero Midstream in a research report on Tuesday, June 3rd.

Insider Activity at Antero Midstream

In other news, Director Brooks J. Klimley sold 5,000 shares of Antero Midstream stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $18.88, for a total value of $94,400.00. Following the completion of the transaction, the director owned 73,645 shares of the company's stock, valued at $1,390,417.60. The trade was a 6.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.61% of the company's stock.

About Antero Midstream

Antero Midstream Corporation owns, operates, and develops midstream energy assets in the Appalachian Basin. It operates in two segments, Gathering and Processing, and Water Handling. The Gathering and Processing segment includes a network of gathering pipelines and compressor stations that collects and processes production from Antero Resources' wells in West Virginia and Ohio.